March 22 - Corn demand in China, the world's second biggest consumer of the crop, may outstrip domestic production by as much as 20 million tons by 2020, Bloomberg reported, citing a government policy researcher. The use of corn to produce biochemical products is growing rapidly and may make China a large corn importer to meet demand, according to Cheng Guoqiang, deputy director of the Development Research Center of the State Council. China's increased reliance on imported corn may help drive up food prices and spur investment in agriculture. The nation's corn imports in the 2012-2013 marketing year starting October 1 may rise to 8.9 million tons, up from an estimated 6.6 million tons this year, Shanghai JC Intelligence Co said.
March 22 - China's natural gas imports totaled 1.28 million tons in February and 2.31 million tons in the first two months of 2012, up 95.2% and 90.1% respectively from the same periods a year ago, according to customs figures.
March 22 - China's copper concentrate imports totaled 375,800 tons in February and 711,300 tons in the first two months of 2012, up 137.6% and 76% respectively from the same periods a year ago, according to customs figures.
March 22 - China is stepping up its efforts to acquire oil, uranium, iron ore, coking coal and nickle resources overseas, the head of National Development Bank said.
March 22 - China plans to increase its annual coal capacity to 4.1 billion tons by the end of 2015, according to a five-year plan released by the National Development and Reform Commission.
March 21 - Iron ore stockpiles at China's 25 major ports totaled 97.79 million tons as of March 19, 2012, down 790,000 tons from a week earlier, according to an index compiled by Xinhua.
March 21 - China's stockpiles of commercial crude oil declined 3.8% in February from a month earlier, according to Xinhua-published China Oil & Gas Post. No exact numbers were released.
March 20 - China's cement output rose 4.8% year on year to 215.88 million tons in the first two months of 2012, the Ministry of Industry and Information Technology said.
March 20 - China's crude steel output rose 2.2% year on year to 112.62 million tons in the first two months of 2012, the Ministry of Industry and Information Technology said.
March 20 - China's ethylene output rose 0.6% year on year to 2.64 million tons in the first two months of 2012, the Ministry of Industry and Information Technology said.
March 19 - China's major steel mills churned out 1.59 million tons of crude steel per day in the first 10 days of March, and the amount produced nationwide was estimated to be 1.9 million tons, up 2.5% and 13.1% respectively from the same period the previous month, the China Iron & Steel Association estimated.
March 17 - The unrest in North Africa increased China's cost of importing regional oil by $60 billion in 2011, Zhang Baoguo, director of the National Energy Administration, said at a forum on China's development.
$1 = ¥6.31
You are currently reading
total words in this article.
To continue reading this article, you must be a subscriber. Log in now..